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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Addition of undisclosed net profit - addition relying upon one ...


High Court Rules Against Net Profit Addition Based Solely on Provisional Account Without Supporting Evidence.

January 31, 2017

Case Laws     Income Tax     HC

Addition of undisclosed net profit - addition relying upon one piece of paper which was provisional P&L Account - here was no other material available with the AO - No Additin could be made - HC

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